Chicago City Wire

Former state university employee Roger Weissberg, who retired in September 2018, saved $373,861 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Weissberg would collect as much as $6.75 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Weissberg received $141,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Weissberg will have already received $438,488 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.